Centum Investment records 21 per cent drop in its half-year net profit

Centum Investment Company Directors (from left) Chris Kirubi, Kennedy Wanderi and Dr Jim Macfie follow proceedings during the company's Audited Results 2017 at a Nairobi Hotel 13/06/17. (Photo: Moses Omusula)

Centum Investment has recorded a 21 per cent drop in its half-year net profit, posting Sh1.6 billion in September compared to Sh2.1 billion posted during the same period last year.

The Nairobi Securities Exchange-listed firm has blamed the decline on poor performance of its subsidiary, Sidian Bank, which recorded a 37 per cent drop in its interest income.